Myanmar: State Counsellor urges bankers to promote economic development

• Aug 17, 2017

State Counsellor Daw Aung San Suu Kyi has urged prominent bankers to cooperate and take part in the country’s economic development at a separate meeting held at Nay Pyi Taw.

She met with the chairs from 22 banks in Nay Pyi Taw on August 15. The state counsellor urged them to cooperate in banking sector for Myanmar’s economic growth, Small & Medium Industrial Development Bank (SMIDB) patron U Khin Shwe told The Myanmar Times.

He added that the banking sector is the lifeblood of the economy and if the banks are not faring well, the economy cannot become robust either.

“Regarding all those issues, after negotiating with the Central Bank of Myanmar, the state counsellor will call another meeting in September.

“Then, a clearer path and clarity will be available regarding what the government will do and what the private sector will do.

“The banking sector is the lifeblood of the nation’s economy and if it is not good, the economy cannot be good either. The state counsellor is aware of that. Therefore, it seems that she will be making efforts in that area,” U Khin Shwe commented.

He noted that other big businesses and bankers also attended the meeting, including U Khin Maung Aye, U Sein Maung, U Tayza and others.

“The state counsellor urged us to get on board in doing business. Therefore, it means we will cooperate and take part in the country’s economic development,” U Khin Shwe said.

Source: http://www.mmtimes.com/index.php/business/27310-state-counsellor-urges-bankers-to-promote-economic-development.html